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Just curious what hat you pulled the $16 figure out of. If the worst case scenario netted commons $16 per share, I doubt it would be struggling to stay above $1.50. Can you explain your reasoning? TIA
Nsfraudbuster shared the link on his twitter so it is safe to say that is it fake. Nothing that twitter account posts is accurate.
A ruling from earlier this week. See below.
https://ecf.rid.uscourts.gov/cgi-bin/show_public_doc?2017cv0005-39
I heard a few years ago about a secret letter floating around where the SEC confirmed the warrants were illegal.
I have not ever seen it posted or heard about it anymore. Was it just made up? TIA.
Who cares about Watt getting grilled for sexual harassment. Exercise the warrants and free F&F.
Broke $1.50. Look out below. Great entry point at $1.02.
He is one of the biggest allies we have there. Do some more research.
Imo the price discrepancy is due to the two companies having difference balance sheets and number of issued shares.
With the likely dilution of 79.9% via the warrants, there is a lot of rotating between fmcc and fnma to maximize relative value. IMO.
Good thing everyone has been loading up for years on the “cheapies”.
The near 3 year old article is a bit out of touch. Post his comments about the recent oral arguments.
You could follow the lead of the average joes who seem very logical (cbs, camaro and stockprofitter) or follow the hedge fund giants and even the common giant, Ackman, and buy pfd so when you convert to common, it will be post warrants and your shares will get premium value.
Lots of dilution headed this way.
Well that would not be good for some average joes who remain 100% in common, rather than hedging like Ackman did. If pfds are cancelled (they have contracts so good luck) buh bye common shares.
What is your reasoning to defy common logic? TIA
Down almost 5%. Guess the rumors of Mel quitting didn’t hold too much merit and the idea of Jeb taking over is scaring off the LEMMINGS. This would not be good for yer investment in commons.
Not a surprise the AJ plan didn’t work out, the writers do not understand basic finance.
With a utility model the most likely outcome and the returns for both classes pretty similar, it makes logical sense to be higher in the capital structure. In case the utility model does not happen, or there is serious dilution after the warrants are exercised, they are placed in receivership or many other negative outcomes that would really hurt the common share price, it is safer to be higher in the capital structure given the similar returns.
AL Franken- reports to people
Les Moonves- reports to people
Mel Watt- reports to no one.
Do you care to share some reasoning?
He’s not going down. He will delay til he leaves office. In the GSE world, nothing happens quickly.
Jeb is talking about it is you listened to the most recent hearing.
Do you understand how tariffs work?
The new pump is that the 200 billion in tariffs is somehow related to the recap of F&F. You could not make this stuff up if you tried.
What in the hell are you even talking about? Tia.
What’s happening is that it has been 10 years. That’s the explanation.
I am confused about what you find it so important to have a “say in”. No stock holders will have a say in the recap and potential dilution.
Only 20.01% voting rights since the warrants will dilute the existing shareholders voices.
Dilution may or may not be needed for recap but the warrants (79.9%) are the motivation for recap.
Thanks for sharing an article over a month old. Not sure the relevance to fnma.
I noticed you left out the warrants, might have missed it though. If this is truly about the tax payer, as the gov has claimed, why would they not exercise the warrants?
For almost 10 years people have been blaming the MMs for the price. HINT: it is not the MMs holding back the price so people can load up. It is because of lack of interest that the price stays so low.
They can’t. So this idea is not possible.
Only Retained capital for a recap will take too long.
That’s exactly what the politicians want. Keep them in limbo til a crisis, blame them and then begin the wind down and liquidation process.
That is where people are misled on this board. It is impossible for commons to see value if pfds do not but it is possible for pfds to see value and commons cancelled.
Can you explain what David Sins has to do with fnma please? TIA.
“By the same measure, the commons have dropped 40 cents in the same time frame - happens to be a much larger percentage as well.”
Don’t let facts get in the way of a good pump.
I think you meant to refer to him as “hedge fund manager of the decade”.
Since that was from 6 years ago, any update on the lawsuits for damages?
Moelis is smart enough to know their plan would be approved prior to going public rather than a few people here who insist the average joe plan will be implemented even though not a single member in government has ever even heard of it, let alone read it.
nothing "efficient" about the past YEARS of talking about the big move about to happen.